Step-by-step explanation:
<h3><u>To</u><u> </u><u>Solve</u><u>:</u><u>-</u></h3>
<h3><u>SOL</u><u>UTION</u><u>:</u><u>-</u></h3>
The amount of money the person would have in 8 years s $2541.74.
<h3>How much would the person have in 8 years? </h3>
The formula for calculating future value is:
FV = P (1 + r)^nm]
Where:
FV = Future value
- P = Present value = $2000
- R = interest rate = 3% / 12 = 0.25%
- m = number of compounding = 12
- N = number of years = 8 years
Value of the account in 8 years with monthly compounding = $2000(1.0025)^(12 x 8) = $2541.74
To learn more about future value, please check: brainly.com/question/18760477
70. Bobbie wants to make 2.00 dollars using dollars with the value of half dollars and quarters. Now, how many way he can do it?
=> half dollars = 0.5
=> quarter dollars = 0.25
Possible ways:
=> 0.5 + 0.5 + 0.5 + 0.5 = 2 dollars (4 half dollars)
=> .25 + .25 + .25 +. 25 + .25 + .25 + .25 + .25 = 2 dollars (8 quarter dollars)
=> 0.5 + 0.5 + 0.25 + 0.25 + 0.25 + 0.25 = 2 dollars
=> 0.5 + 0.5 + 0.5 + 0.25 + 0.25 = 2 dollars
=> 0.5 + 0.25 + .25 + .25 + .25 + .25 + .25 = 2 dollars
